Corbion and Bunge sign interim-agreement regarding the acquisition of Bunge's stake in SB Renewable Oils joint venture
March 29 2018 - 1:00AM
Corbion nv (Euronext
Amsterdam: CRBN) ("Corbion") announces that it has signed with
Bunge Limited (NYSE: BG) ("Bunge") a share purchase agreement
regarding the potential acquisition by Corbion of Bunge's stake in
the SB Renewable Oils joint venture.
Corbion and Bunge are 50.1%/49.9% partners in SB
Renewable Oils, a joint venture that operates a facility in Brazil,
specializing in the production of algae ingredients, such as Omega
3 rich oil, for aquaculture and animal feed.
The completion of the share purchase agreement is
subject to certain conditions, including finalization of long-term
supply agreements, and regulatory approval.
If and when the parties reach final agreement, we
will inform the market accordingly.
20180327 PR SB Renewable Oils final
ENG
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Corbion via Globenewswire
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